Average Rent in Floyd County, VA↑ Rents rising 0.8% YoY

Floyd County, VA has rental prices ranging from $691/month to $1,209/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $695/month — 50% below the national average of $1,400/month. With a median household income of $61,401/year, spending $695/month on a 1-bedroom represents 14% of gross income — within the recommended 30% threshold.

How Floyd County Compares

With an average 2-bedroom rent of $912/month, Floyd County ranks #34 most expensive of the 68 cities tracked in Virginia — more affordable than 66% of all US cities in our data.

The Floyd County Rental Market

The Floyd County, VA area has a population of about 15,560 and 16% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Floyd County, VA have risen by $7/month (0.8%) over the past year, from $905 to $912. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Floyd County, VA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $27,800. The local median household income of $61,401 exceeds that threshold by $33,601, making Floyd County relatively accessible compared to local wages.

Economy & Jobs

Floyd County, VA has an unemployment rate of 3.4%, 0.5 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.

Is Floyd County, VA Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Floyd County?

Break-even analysis and mortgage estimates based on local market data.

Living in Floyd County

Cost of living, job market, crime rates, and moving cost estimates.